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NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

$24.43
-0.70 (-2.79 %)
(As of 02/23/2020 02:07 PM ET)
Today's Range
$24.23
Now: $24.43
$24.98
50-Day Range
$24.02
MA: $26.00
$28.49
52-Week Range
$18.08
Now: $24.43
$28.85
Volume6.62 million shs
Average Volume9.79 million shs
Market Capitalization$16.39 billion
P/E RatioN/A
Dividend Yield0.96%
Beta1.26
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$1.57 per share
Book Value$11.11 per share

Profitability

Net Income$-179,090,000.00

Miscellaneous

Employees5,275
Market Cap$16.39 billion
Next Earnings Date3/4/2020 (Confirmed)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Friday, December 6th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share on Thursday, January 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, December 24th. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its earnings results on Tuesday, December, 3rd. The semiconductor company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.17. The semiconductor company had revenue of $662 million for the quarter, compared to the consensus estimate of $660.94 million. Marvell Technology Group had a positive return on equity of 3.59% and a negative net margin of 16.47%. The company's revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Marvell Technology Group.

How can I listen to Marvell Technology Group's earnings call?

Marvell Technology Group will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its fourth quarter earnings guidance on Tuesday, December, 3rd. The company provided EPS guidance of $0.15-$0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $727.5-$772.5 million, compared to the consensus revenue estimate of $695.87 million.

What price target have analysts set for MRVL?

23 analysts have issued 12-month price targets for Marvell Technology Group's stock. Their forecasts range from $18.00 to $32.00. On average, they expect Marvell Technology Group's share price to reach $28.30 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Has Marvell Technology Group been receiving favorable news coverage?

Media stories about MRVL stock have been trending very negative on Sunday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Marvell Technology Group.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Cisco Systems (CSCO), QUALCOMM (QCOM), salesforce.com (CRM), Intel (INTC) and AT&T (T).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (15.00%), State Street Corp (2.11%), Goldman Sachs Group Inc. (1.71%), Standard Life Aberdeen plc (1.36%), Janus Henderson Group PLC (1.26%) and FIL Ltd (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Jennison Associates LLC, Argent Capital Management LLC, Bank of New York Mellon Corp, FIL Ltd, Fred Alger Management LLC, Panagora Asset Management Inc. and Wedge Capital Management L L P NC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Cambiar Investors LLC, Scout Investments Inc., Amundi Pioneer Asset Management Inc., SeaTown Holdings Pte. Ltd., Eagle Asset Management Inc., First Trust Advisors LP and FMR LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $24.43.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $16.39 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com/.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,203 (Vote Outperform)
Underperform Votes:  1,157 (Vote Underperform)
Total Votes:  2,360
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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